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are facing a deficit and kate will tell us why that deficit is there, but we begin by saying that we have got $123 million budget deficit for next fiscal year, but the second year is a little larger, about $256 million budget deficit and put it in context. as past parents of this great city, we used to have hundreds and hundreds of more deficits that have to deal with when the economy was bad. now it's recovering. and i have to thank the public, the business groups, the non-profits and everybody that has been sacrificing to help us balance this budget. because it's their sacrifices that got us through these very hard years. so it sounds like 123 and 256 are not great numbers. they are still serious deficits, but i think we have a spirit, where the parents, the legislative body and the executive branch are working closely together to make that gap closer. we have that, and i want to say, the principles that are guiding me in setting this budget, i want a sound economic budget. i want the residents and visitors in this city to feel that they have a safe city to invest in and i want a city that
we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth. what is happening to families. our open space. our small businesses. our environment. we are all concerned about that as well. of course i must say about our housing authority as well. so we are taking on a lot of responsibility and because we are and because we are very busy doing the work we are. sometimes we need your input to steer us in the right direction for what things you think are important. so we are open to that. and we want to hear from you tonight. enough speeches. let's get on with it. may i have a couple words from supervisor avalos and farrell. >> thank you. thank you mayor lee, and yes
. we do have a structural budget deficit in the city. we need to deal with the short- term balancing of the budget in a way that does not decimate basic city services that people rely on but also to address our long term structural budget deficit. that means implementing budget reforms that will smooth out the budget process so that it is not a boom-bust process. that means reforming our pension and retiree system so that they are stable and do not drain the general fund. that is a big aspect of it. another huge issue is the deferred maintenance on our infrastructure. we have a lot of infrastructure that has been deteriorating because we have not maintained properly. that includes roads, sewer systems, muni. we need to be much more diligent about maintaining our infrastructure. some of the big citywide issues that impact the district include transportation. we had more muni service and some other districts. it is not always reliable. some of the major bus lines in the district are not reliable. we have major projects like the renovation of delores park. it is an opportunity to define
subject to the state of america's debt situation and deficit. here in the united states of another all-star panel and they're getting might appear, introducing as they get set up just a state. a reminder football before do that about submitting questions, q&a at bloomberg.net. if you're watching on c-span or watch it on your bloomberg terminal at bloomberg.com, please submit questions. you can try to get to me of them as again and again look forward to the audience participation. it is what i'm going to call up your house hunt, my colleague from blooper, host of political capital, a columnist and basically still the hardest working report of bloomberg their cable. and host this nextel. with chris van hollen, the democratic congressman from maryland who is the ranking member of the house budget committee, so we talked to on the radio basis about the state of deficits and debt and what's going on with the budget battle, the elusive search for a grand bargain. where john podesta, the chief of staff of president clinton, he has run the center for american progress, a regular for some bloom
for the divisions in the republican today. big spending drove up the deficit those years and pretty much ignited tea part movement. wedge politics, especially in the 2004 election activated the evangelical right and adventurism abroad wars we have been talking about led to the divisions with those like john mccain, who supports the wars and libertarians like rand paul, who certainly does not. these are fascinating. let's talk about the tax thing. a lot of people forgotten but tea partiers haven't. their own republican president was not vetoing spending bill. >> big-spending republican, new phrase. nobody had ever heard of one of those. but because of the explosion of government after 9/11, number of tax bills, tax cut bills passed, the deficit exploded under bush. and that made the economic wing of the republican party, which had liked its policies up to a point and this other group of folks who worry about debt and deficits, that made them unhappy. >> don't forget prescription drug benefits for seniors. chris: unfunded. republican party used to be a party i was growing up party to easily vote for.
great district 11 really is. >> we are in our fifth year of major budget deficits. it is inevitable that we will make painful cuts. so how do we do it in a way that will minimize the impact on every day san franciscans? >> i really appreciate what you're doing here. you are a really patient gentleman, and i appreciate that. >> our parks are often cut first. how do we maintain our safety net, public health services, security services? all of these are critical decisions that have to be made. >> i have seen many people come forward today who i know whose lives have changed because of the services we are providing. that is something that we can be proud of and have a as a goal at the budget process to make sure that we can turn lives around and create a liveable communities. >> if we do not resolve the pension issue, we will have to cut. we will see fewer options for muni. we will see the parks deteriorate. i think the tide is rising. we have to figure out how to swim very quickly. >> to address these concerns, i have made a series of amendments to the resolution that capture the spiri
the street. overall, our budget, we are in our fifth year of major budget deficits. i have been chair of the budget committee for the past couple of years. i am still involved in budget issues. i want to make sure i can be helpful to my colleagues who are grappling with our huge deficit. it is inevitable that we are going to make painful cuts, so how do we do it in a way that will minimize the impact to every day san franciscans, how can we keep our parks in good conditions? how do we maintain our safety net for public health services, public security services, public safety? all these are critical decision that need to be made. the pension question is something that comes up. the cost of our pension liability will cost the city, especially because of our investments in the market have come down since 2008. we are spending more of our general fund to pay our pension costs. that is a big challenge. it is a long-term problem, but it also has short-term implications. we know right away we are not going to have the enough money as we need to cover our services and pension costs as well. i
pipe hive and so we begin here with this graph the federal budget surplot plus or deficit. obviously it's been some time since we have run anything like a significant budget surplus we went into the recession carrying a farrell substantial deficit and obviously that really ballooned and got much much worse and what we are facing now are really the biggest bulletin deficits that the united states economy has faced since the second world war we are moving in the right direction it's getling smogger and it's still a farrell daunting challenge and this is what was westbound bend the whole fiscal cliff last year and we ended up with an 11th hour deal to avoid the worst of the fiscal live kcliff and i'm not going to read all of the stuff on this slide but basically what we got was tax increases that effect the working poor primarily and the very affluent and not really not much of an impact on the middle class and you can may be have your own political opinions about that but the spending cuts didn't really take much effect at all. the spending cuts are now poised to go into effect march 1
exceptionalism, where there are people who argue that having annual deficits that are almost as big as the federal budget when bill clinton was president is not really a problem. there are people who argue that having the publicly-held debt be a majority of our economy is not really a problem. there are people who argue that the gross federal debt consuming our entire economy being as big, bigger than our entire economy isn't a problem. and then you have the unfunded liabilities of our major entitlement programs like social security and medicare which are larger by some measures than the world economy. but that's not a problem. and there are usually two arguments that people make to this effect, and i try to address them in "devouring freedom." one is trust us, we're the government, we'll know what to do before the crisis comes. and the other is, well, there's a sucker born every minute. people will keep buying the treasury bonds, interest rates will never return to where they were before the financial crisis, the economy are at some point -- will at some point regain some semblance
.2% so it's his risen but you run out of money if you keep deficit spending up. governments had to ratchet back because they had canessan policies. >> woodruff: you are trying to -- folding europe into the conversation. i was trying to keep them separate. it's not possible, i guess. what about the fact that the spending was out of control before and yes there's been cutbacks but not very much? >> i really wasn't out of control, the biggest single source of increased deficit was the recession and let's not forget what caused the recession. it wasn't government spending being out of control it was a financial collapse made on wall street. if you have a financial collapse, the government collects less revenue and spends a little bit more on things like unemployment compensation and food stamps and so the deficit goes up. but it doesn't logically follow that you can get a recovery going by cutting the deficit. the only thing keeping the economy afloat given the weakness of wages and salaries and private demand and investment, what is keeping it afloat is deficit spending, public spe
. the way most people describe it. the idea is if you reduce the deficit quickly, you'll have some kind -- what paul krugman called confidence, they'll run out and spend and invest in hiring people. however you need to do it, get the deficit down, grow the that's what people mean when they say austerity. this has gotten conflated with the republicans' position. you should reduce the deficit but not by cutting defense and absolutely not in any way by raising taxes. if it requires raising taxes even a dollar, then better not to reduce the deficit at all. better possibly even to default on the debt which brings all the terrible consequences of a debt crisis all at once artificially. something they don't typically believe that further government action to help out the economy probably isn't merited. if you think of these academics who have become associated with austerity, they've argued for principal write-downs where the government would make mortgages cheaper for people, for higher inflation. the republican party wantse of i think what the republican party is actually advocating is quite
to talk about the deficit and debt than it was years ago when i was covering president reagan. i asked him if he worried about the size of the debt and he said i figure it is big enough to take care of itself. we do not have that luxury today. when i came to washington, we had watergate. and then a member of your institution, a powerful chairman of the house, he was running round, had a stripper named fanny fox, those are scandals. they cheatcandal is, ts.their excel shee i prefer the other. but let's start with that controversy today. it is the premise of the great many that we all, that people accepted four or five years ago. let me start with you. i think the debt and deficit issues are serious, particularly over the long term. as we have done our simulations , we showed the recent actions by the administration have brought the deficit down. but in 2016 it begins to increase. we have a huge wave of immigrants and changes occurring where in today's society, we have about 8000 people turning 65. between now and 2029, there will be 10,000 people. those demographics are going to hit to the
agree the numbers should go up. it raised $600 billion and cut our deficit by another 600 billion dollars. folks, look. if you're coning cut on the middle class, why do they do it? it is hard to believe this but these guys are proposing. in order to provide for these massive tax cuts, that is the only way they can do it. other than ballooning the deficit even more than they already have. that is why they talk about it the way they do. that is why they call for these cuts to the middle class. by the way, they talk a lot about deficits. let me take what gemini congress have done. we have reduced the deficit already by $2.5 trillion. the proposal is to gain another $1.5 trillion. the difference is we do it fair. that will get us to the magic number. every economist to talk to will tell you if you get that to gdp below three percent, that is when things take off. that is exactly what the president's raposo will do. it will get it down to 2.1%. thedo not have to break back of the middle class to have this country grow. the only way you can make it grow is to give it a chance. like you,
now with the news that the deficit breached is now being delayed. as you know, we thought that was going to occur in july it would provide some forcing function for additional budget negotiations. that has not been swept to the right. it does not appear that what we are living with out into the fall. there are two choices. we could submit another budget, or if we don't, we will have to enter into some negotiation with congress on how to of the door of those cuts. but that decision hasn't been made yet. >> general, there that has been a lot of talk in this town recently about throwing up a no- fly zone. and without reference to any specific country in the middle east, could you talk a little bit about what goes into an operation like that? i think there is a notion around that it is pretty simple and easy, but what i know of it, it may be a little more complicated. could you talk about that? >> well, no-fly zones -- well, actually any military operation tends to be more complicated than generally gets talked about in open sources because there are the things that have to oc
, >> first of all, it's nice to be here. it is tough for us to talk about the deficit and does these days than it was years ago on ice cover and ronald reagan. they asked president reagan one time if they worried about the size of a huge debt in a set know i figure it's big enough to take care of itself. unfortunately we don't have that luxury today. when i first came to washington we measures candles. and then a member of your institution, powerful chairman result was a tax or it ended up running around with a stripper named fannie fox. he went into the tidal basin. today the scandal is to ken rogoff and carmen rogoff and carmen reinhart cheat on their excel sheet? i really prefer fannie fox. let's start with the rogoff ran her controversy today. what did the premise that the great peril and priority that we all -- that many people expected for five years ago. with exaggerated? and they stay with you, mr. controller. >> the deficit issues she's particularly over the longer-term. after dinner simulations cannot we share the recent actions by the congress and the administration have brough
with the deficit and other things. the reason i was able to do this as a leader of the innovation industry in the united states and at least in terms of electronics is that a few years ago, we many a very -- we have a group of volunteers that guide me that report to, and we had a really good meeting, and the meeting, like, most volunteer organizations, and for some reason, i don't know why, at that meeting, i just said put aside the agenda for a second. how are we going to do in our industry in the next five to ten years? the answer that came back around the table for me that are natural optimists because most ceos in business are, we're not going to be doing well. why? they came back and had the same answer because the u.s. economy will not be doing well. well, the u.s. economy's not doing well. why? >> basically because the deficit is out of control. that's all we do is spend money on servicing the debt on the deficit. it was compelling. i was never a deficit hawk, and that shook me up. you know, you do the math, if you do the math, stls a problem as a nation that everybody's talking abo
, and paris will seriously overstep the eurozone's budget deficit ceiling. >> in france, the recovery is expected to be delayed, which evidently has repercussions on public finance. the french forecast is in our view overly optimistic. a significant effort would be required. >> brussels is to grant paris two extra years to cut its deficit to under 3%. >> let's bring in our correspondent from brussels. from your perch, how does all this look? is europe finally hitting the bottom of this crisis? we have reports that france and the netherlands are both faltering as well. >> no, i think the crisis is nowhere near the end. what these figures do -- they polarized the debate, sharpen the debate between those on one side led by german chancellor angela merkel, who say austerity is the way forward, and those who say we are being squeezed too tight. people will look at these figures and say this is evidence that the commission is applying the squeeze too tightly. we need more room for growth. he said we must do whatever we can to boost employment and to unlock growth. he did not suggest for a m
its deficit down to the eu 3% target despite deep spending cuts that have sent thousands onto the streets in protest. >> the young spaniards attending this march in madrid all have college degrees and speak several languages. they have yet to learn how to set up a business, but it is a tough climate for entrepreneurs. >> i think the government should create the necessary conditions for growth because the situation we are living in nowadays has a lot to do with the absolute lack of finance. the hastert images are provoking the failure of companies because there is no spending. money is not flowing. the government wants to change all that. said the government had no plans for new cutbacks. she set 2016 as the new target rate to bring the deficit down to 3% of gdp. unemployment in spain has risen to more than 27%, a new high. government debt is 84% of gross domestic product, and growth shrank last year by 1.8%. the recession is set to continue for the rest of this year. madrid is predicting a return to growth in 2014. >> german chemical greater thanbasf has its sights set on a re
for the boston marathon bombings. did a trust deficit with russia cloud our intelligence committee? a response to warnings about one of the accused bombers. >> heather: we begin with a fox news alert and new arrest in the string of ricin laced letters. arresting 41-year-old everett dugs ky. he was taken into custody at his home overnight. his arrest comes days after criminal charges were dropped on tuesday. that was against another mississippi man. we will have the latest in a full report just minutes away. gregg? >> gregg: well let's get to the good news first. really, it's all you air travelers out there. faa has suspended all employee furloughs and system will be back at full strength by tomorrow night. even after congress voted to approve a bill that would ease flight delays caused by automatic spending cuts, the blame game between democrats and republicans is, of course, in full swing. following it all, molly henneberg live in washington. >> molly: president obama has not signed the legislation yet. there is technical glitch that the senate needs to fix next week. federal aviation adminis
reduced the deficit by a 1/3. does the prime minister agree to borrow and spend more as the shadow chancellor has confirmed will belabor's policy in 2015 would risk the progress? >> these are very tough times we're operating in, my friend is absolutely right. we've gotten the deficit down by a 1/3 and there are 1.25 million extra jobs and we've seen a record creation of new businesses in our country. the differences between the two parties is we believe in cutting our deficit. it is their official policy to put it up. if they did that, it would be higher interest rates, more businesses going bust, harder times for homeowners. that is what labor offers. >> angus robertson. >> thank you, mr. speaker. the government is absolutely right to prioritize the combating of sexual violence in conflict under its chairmanship of the g-8 but the prime minister would have more credibility on the subject if he didn't accept hundreds of thousands of pound and private dinners at downing street for mr. ian taylor. mr. taylor's company vitol has admitted dealings with the notorious serb war criminal a
reduced the deficit by a third. does the prime minister agree -- [inaudible] would risk of squandering this program? >> my honorable friend is absent the right. these are very tough times that we are operating in but we have got the deficit down by a third. to our 1.25 million extra private sector jobs and we've seen a record creation of new businesses in our country. the differences between the two parties is we believe in cutting our deficit. it is their official policy to put it up. if they did that it would be higher interest rates, more businesses going bust, harder times for homeowners. that is what labour offers. >> the government is right to prritize the combating of sexual violence and conflicts under its chairmanship of the g8 but the prime minister would have more credibility onthe subject if he didn't accept hundreds of thousands of pounds and private dinners at downing street for mr. dean taylor. mr. taylor's company has admitted dealings with a notorious serb war criminal who is indicted for and i quote willfully causing great suffering, cruty but, murder, willful killing
with this budget deficit problem for some time if there is a good side to that, if you can continue to grow an economy, even with a budget deficit, what you are looking at here is gdp but not the way that you are used to looking at it more often than that phot what we talk about d g t we focused on the economy quarter growth range and whether it grew during the quarter this teems you in terms of a absolutely level base basis and reason i'm showing it this way is because for all four quarters of last year the overall economy was better than the it was before the prerecession high water mark and we have turn the quarter into a new expansion and if it didn't feel that way it that is to do with this the none farm payroll and each bar here represents a single month's change in the total number of people who have a job and you add up all of knows jobs that was loss during the recession it's 8.8 million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we ar
, not a right/left thing. in other words, you've got to have a deficit reduction plan, but if necessary, you've got to calibrate that, so that it's not happening so sharply, that your growth levels or your deficit becomes worse and you get a downward spiral. so, look, i think it's possible for the government to adjust. i think in a way, it is adjusting. but i think it's important to balance the monetary effect that the bank of demand policies are taking with a fiscal, you know, a fiscal plan that allows our economy to carry on growing. >> we are, of course, in a global, connected economy. and the emerging markets, certainly throughout asia, seem to be showing real growth rates. can we see the interconnectedness on the positive side of things, rather than the interconnectedness on the negative side of things, which is what we saw in 2007 and 2008? do you think that is going to be helpful for the u.s. and the euro zone? >> yes, i think it could be. i mean, i'm optimistic about the new chinese leadership. i think they're really, smart, capable people who understand the next stages of reform in
a minute, you agreed to this. this is what you have to do to bring the deficit down. we can live with the sequester. that is where the battle lines are drawn right now. >> it is frustrating to average americans, right, steve? we said it in the introduction. 12 in million people likely get a slight improvement in payrolls added in latest month come the end of the week. >> right. lori: but still, just so frustrating, once again for average americans and almost like the president, congress and themselves are out of touch with that? i'll let you comment. show you poll results. >> well, first of all, obviously everybody is frustrated with the high unemployment rate and everyone knows a family member or friend who can't find a job. this is something that up to us all. i guess the point i would make, lori, these reductions in government spending are a good thing for the economy. they're freeing up resources, that can be used by private businesses to expand their business. it is interesting, isn't it? the stock market has gone up a lot since the sequester began. what it is showing, lori,
're not in the camp of one party or the other. >> well, think about how the press covered the bowles-simpson deficit plan. i like the bowles-simpson deficit plan. that's how america reacted maybe. but there was a sort of sense that because this was a bipartisan document that it made sense to treat it as a kind of sacred text. i think in sort of, again, not in sort of the to and fro of politics, but how the press portrayed it. again, i liked a lot of things about that document. i'm not totally sorry the press played it that way. but i think you see that happening again and again. there is sort of a desire for, there is a desire for a figure like michael bloomberg to sort of play this sort of postpartisan role, but that then intersects with the press' social issues. when a figure like bloomberg is mixing it up on guns, he gets to be a bipartisan, postpartisan figure and the press gets to sort of congratulate itself for being the history of vanguard. >> that is hard for me to get my mind around. let me turn to the column you wrote in "new york times" and picked up something you wrote for "daily beast."
, but neighborhoods, poverty, homelessness, food insufficiency. you just can't overcome deficits by providing a head start education program. so that's where the boat began and most of the people who advised me it's a very interesting book. i'm sure cannot fox tv. that was not my goal. michael was not not to be equated. as i said that they do part 2 of the book to say there is some social programs that are. maybe we can learn a lesson from them. the big quiz in the course of writing a book i conducted import to death meta-children thought is that everyone i know it's a tie with a three government rosecrans could have been the most effect within the last 65 years. unless everyone of of my academic friends with a head start and i would say wrong. no evidence of works. the most effective government programs in chronological order, social security committee g.i. bill and medicare in 1965. there will be some pushback about that. even "usa today" had an editorial this week that said social security is a pay-as-you-go program. no, it's not. i could never go broke provided you don't take the trust fund and
presentation. i want to say i appreciate our framing in terms of the cities overall deficit and how you over the past 5 years cut 25.5 million over the last 5 years and also how you increased through the real estate staff i know that was a lot of different revenue you negotiated with them and it was really well done. i also want to say that from economical impact reports that the events bring in hotel users and restaurants and a tremendous economic benefit and yet the rec and parks department don't get a lot of consider. i want to commit about my colleagues compliment and also making sure that the maintenance and maintaining accessibility and the ones that are lower grade especially in neighborhoods that need them the most in immigrant children throughout the city. as i other look at the budget with my residents i look at longer time to increase the senior centers to make sure that the swimming pool is rebuilt we're going to have enough hours for the people to use the pools and we rebuild them. my hope is you're looking at kwiblt but i'm just wondering about our comments >> one of our most
insurance companies. another said the bachk is engaged in financing fiscal deficits. on the boj's 2% inflation target. one member noted uncertainties in achieving it in the proposed two year time frame. and here on "newsline," the latest market figures. >>> japanese prime minister shinzo abe has spent his first few months in office working on the economy. now he wants to revise the constitution that marks it's 66th anniversary on friday. japanese are divided over whether the constitution should be changed at all. nhk world's jun has the story. >> reporter: abe and his ruling democratic party have kept their goal in sight since they took power last september. >> translator: it is prime men tir abe's believe that we need to change the constitution for an independent nation state. >> reporter: the constitution was written after world war ii. the u.s.-led alleyed forces controlled it's drafting. the most significant characteristic is pacifism. article nine says the japanese people forever renounce war. it led to japan to maintained armed forces exclue sifly for defense. the liberal demo
deficit today, and it's really good news it moved under $40 billion to $38.8 billion. but when you looked at the internals, less exports, less imports. i think you walk away with all the information you need, that the global economy is slowing, this isn't going away, and i wish gene was right on all of his measurements regarding the economy. because i am still at a loss how somebody like gene could see all the good in the economy, and yet, we have a federal reserve that refuses to stop crisis management. it just doesn't square. >> well, we haven't mentioned the jobless claims as well. that's, obviously -- >> five-year low? >> lowest since '08 on the jobless claims. is that part of this? >> i think it is part of this. what it tells me is that jobless claims only give you information if they go higher, not lower, because we've seen this movie, and the correlation, actual jobs and actual people working seems to get more ten wouous. >> and the problem is, rick, it frustrates a lot of bears because there's a lot of bad news out there and it hasn't translated to lower prices in the stock market
this year. even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential. second, you have to look at raising revenue in the city. i think it needs to be a combination. and third, need to be much better informed, and we have to ask our public employees to look at the budget. and they already have, but also to look back. it is a threefold approach to me. >> what are the city's housing needs him much of the board of supervisors to to address them? supervisor kim: it is tough, because we depend on the market to build housing for our residents we build at over 150% of the need. we are building over the need of the market rates. we are actually building at rough
response to aids tremendous societal. unemployment. the other party is pushing budgets and deficits as a response to what is one of the most on a massive responses to a deep, painful societal and economic problem. these two orthodoxies have got to shed their skins and actually come up with something new and a heck of a lot more courageous, don't you think? >> of course. you are 100 percent right. these people are politicians. the goal of a politician is not to worry about you and me, not to do the right thing, but to get reelected. that's what people in this country give handouts from the government for. lou: and economically in terms of the market, the economy, what is our future of? >> the economy is moving ahead slowly. the powers that be tell you they want to excel rate. they don't because if it does demand for money will rise coming interest rates will rise, and the amount of interest but the government pays will go free and we are setting the stage for what you and i remember as an guys, the 70's, double-digit inflation. so it is all a sham. lou: let's hope that the sham can b
that the debate we're having now is about what's the best way to achieve deficit and debt reduction, and realize that the x-factor is always economic growth. the folks on a pure austerity path -- two things. first of all, as with the flight delays, they realize that cuts have consequences. when it affects them personally, they don't like it so much. there's this attitude about cuts in politics, it's cuts for thee but not for me. that makes it painless, especially if they don't have advanced lobbying firms. we know just by comparison what's going on in europe, england in particular, that the austerity path hasn't worked. the data has come in. so actually looking for a balanced plan is more advantageous. if we can find a grand bargain that actually preserves economic growth, maybe gooses it while dealing with the long-term cost, that's the ultimate win. >> let's talk about europe, because we've seen record eurozone unemployment. is that a sign or symptom of austerity? >> absolutely. there's no question about it. it would be ideal, and frankly the federal reserve would love to have complimentary in
Search Results 0 to 49 of about 303 (some duplicates have been removed)